If you’re following the play-to-win (P2E), NFT, metaverse or the entire GameFi coin market, this post has partnership, investment and launch news that you shouldn’t miss.
GameFi coin news of the week
SpongeBob and Warhammer mobile game scores Polygon partnership
Free-to-play mobile game publisher Tilting Point is partnering with Polygon Studios to launch 10 Web3 games over the next two years entered into a multi-year partnership. The first three titles in the works are
- , the interstellar strategy game “Astrokings”
- , the interstellar strategy game from Korean developer AN games, which Tilting Point acquired earlier this year, “The Walking”, a virtual slot game based on the AMC series. Dead: Casino Slots”
- Tilting Point co-developer Kings of Games“Chess Universe”
TEAM DAO raises $5M in Series A funding round
Tokenized Esports Asset Management (which describes itself as the metaverse’s first Guild 3.0) TEAM DAO) recently announced a $5 million Series A funding round jointly led by Krust Universe and Animoca Brands. According to TEAM, the new funding will be used to further develop the technology infrastructure, expand the team and grow the player base.
Axie Infinity leads the GameFi Coin ecosystem
Axie Infinity has a fully diluted market cap of $15.81 million, according to the latest report from Crypto Head, which evaluated the top 50 play-to-win (P2E) games on ChainPlay. Cross Link was second with $13 million and Decentraland was third with $4.63 million. As with the most searched games by Google in the last six months, Axie Infinity ranks first with over 29 million searches worldwide.
LootRush seeks to bring NFT games mainstream
LootRush, an NFT marketplace for crypto gamers, led by crypto company Paradigm with the participation of Andreessen Horowitz with 12 million It wrapped up its $500 initial funding round on Thursday. According to the company, LootRush aims to be like Steam as a distributor of PC games. In a blog post:
We will make players own NFTs and help NFT owners find great players.
Other GameFi news
Japanese video game publisher Square Enix plans to divest its popular Tomb Raider franchise for $300 million and invest the proceeds in blockchain, artificial intelligence (AI) and cloud computing technologies. As we reported on Cryptokoin.com, Square Enix CEO Yosuke Matsuda has announced plans to integrate NFTs into win-win blockchain games.
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